Post
Topic
Board Economics
Re: Bitcoins Lost
by
FatherMcGruder
on 02/03/2011, 00:22:21 UTC
I don't see how it can be considered exploitation if both parties enter willingly, no matter how much the cost.
It doesn't matter that either party entered the agreement willing if one party only had a selection of exploiters to choose from.

Nefario is paying me to develop the software for his bitcoin corporation. I know he will try to make a profit off of it. Meanwhile, I will get paid 120 BTC a week. That's an actual agreement in real life.

Is that exploitation? No. I like the arrangement in question.

This is after all, an amicable agreement between two moral agents. You, the outsider, is just an observer, who have nothing to do with the exchange. Whatever you think is exploitation is completely irrelevant to what I thought is a good deal, or what is moral.
Just because someone is unaware that that others exploit him, doesn't mean that he isn't subject to exploitation. For the record, I don't think your relationship with Nefario qualifies as an exploitive one. You still have the the product of your labor, the software.

If Adam wishes not to exploit Bob, he should offer his basement at no greater cost than the expenses Bob would incur, like heat, water, and general maintenance. Providing Bob with a dwelling is incentive enough for Adam to allow Bob to live in his basement. Taking more than that is exploitation.
I presume you mean 'no greater cost than the expenses Adam would incur' ?
Yeah.

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If this is the case, you don't account for the expense to Adam of not having use of his basement. This is exploitative of Adam. He's losing something valuable and not getting it back from Bob.
There is no such expense. Adam ought to get enough satisfaction out of simply housing Bob.

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Of course, if Adam agrees that providing Bob with a dwelling is incentive enough to allow him to live in the basement for free, than that's fine. If he does not think this is the case, then such an arrangement would be exploitative of Adam.
If Adam doesn't get enough satisfaction out of housing Bob, he needs to do something else with his basement.

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I'm not sure what you mean. Say Bob wants to borrow that money to pay his heating bill while he's in college, and he wants to pay it off a year later when he's got a high paying job. What would you say is fair interest?
Adam ought to enjoy that Bob has heat and can afford college. If not, he needs to do something else with his money.